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Barbados vs Bermuda: tax rates compared

Barbados has an income tax rate of 28.5%, 28.5pp above Bermuda's 0%. The 200-country average is 28%: Barbados sits above it, Bermuda sits below it.

Verified data covers six of the six tracked tax types for both countries; every rate below is cited to its source and dated.

At a glance

six shared taxes, side by side
Tax	BB	BM	Difference
Income Tax	28.5%	0%	BB +28.5 pplargest gap
Corporate Tax	9%	0%	BB +9 pp
VAT	17.5%	0%	BB +17.5 pp
Capital Gains Tax	0%	0%	match
Crypto Tax	0%	0%	match
Wealth Tax	0%	0%	match

Income Tax, side by side
Country	Rate	Source
Barbados	28.5%	Source: PWC Worldwide Tax Summaries — Barbados (Individual, Taxes on personal income) · as of 2026-01-11
Bermuda	0%	Source: PWC Worldwide Tax Summaries — Bermuda (Individual, Taxes on personal income) · as of 2026-02-19
Difference	+28.5 pp	Barbados higher

Corporate Tax, side by side
Country	Rate	Source
Barbados	9%	Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01
Bermuda	0%	Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01
Difference	+9 pp	Barbados higher

Barbados has a corporate tax rate of 9%, 9pp above Bermuda's 0%. The 201-country average is 22.6%: both sit below it.

VAT, side by side
Country	Rate	Source
Barbados	17.5%	Source: PWC Worldwide Tax Summaries — Barbados (Corporate, Other taxes) · as of 2026-01-11
Bermuda	0%	Source: PWC Worldwide Tax Summaries — Bermuda (Corporate, Other taxes) · as of 2026-02-19
Difference	+17.5 pp	Barbados higher

Barbados has a VAT rate of 17.5%, 17.5pp above Bermuda's 0%. The 181-country average is 15%: Barbados sits above it, Bermuda sits below it.

Capital Gains Tax, side by side
Country	Rate	Source
Barbados	0%	Source: PWC Worldwide Tax Summaries — Barbados (Individual, Income determination) · as of 2026-01-11
Bermuda	0%	Source: PWC Worldwide Tax Summaries — Bermuda (Individual, Income determination) · as of 2026-02-19
Difference	0 pp	displayed rates match

Barbados and Bermuda share the same capital gains tax rate: 0%. The 175-country average is 10.3%: both sit below it.

Crypto Tax, side by side
Country	Rate	Source
Barbados	0%	Source: PwC Worldwide Tax Summaries — Barbados (Individual, Income determination) · as of 2026-01-11
Bermuda	0%	Source: PwC Worldwide Tax Summaries — Bermuda (Individual, Income determination) · as of 2026-02-19
Difference	0 pp	displayed rates match

Barbados and Bermuda share the same crypto tax rate: 0%. The 88-country average is 13%: both sit below it.

Wealth Tax, side by side
Country	Rate	Source
Barbados	0%	Source: PWC Worldwide Tax Summaries — Barbados (Net wealth/worth tax rates) · as of 2026-01-11
Bermuda	0%	Source: PWC Worldwide Tax Summaries — Bermuda (Net wealth/worth tax rates) · as of 2026-02-19
Difference	0 pp	displayed rates match

Barbados and Bermuda share the same wealth tax rate: 0%. The 193-country average is 0.1%: both sit below it.